Articles

How to Avoid Chargebacks

Chargebacks can cause a great deal of trouble for a business, especially when merchant accounts initiate fees for them. Credit card processing has a wealth of benefits, but it also has complications such as consumer chargebacks. Consumers initiate chargebacks for a wide variety of reasons including fraud, attempted theft, honest mistakes and discontent. Every business […]

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Building Your Small Business

Accepting credit cards is a necessity for small businesses because it allows them to remain competitive, offer convenient payment methods to buyers and not forego a sale in the event customers come up short of cash. Understanding the world of credit card processing can seem daunting at first, but these 3 key principles help address […]

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Reading Reviews Before Selecting Your Merchant Account Provider

When looking to select a company to use as a credit card processor, it’s wise to choose one that offers all the right services at a good price. However, one should take it further, and here are three things to look at when reading reviews for a merchant services provider. Speed: Without a doubt, if […]

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All About Flagship Merchant Services

Flagship Merchant Services has been helping merchants conduct transactions online for many years. As a leader in credit card processing and merchant accounts services, Flagship Merchant Services has remained focused on giving business owners of all size the solutions they need to effectively do business completely online. How does credit card processing work? There are […]

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All About CreditCardProcessing.com

Without a doubt, when looking to get credit cards processed, one should go with a solid, reliable and trustworthy company. When doing so, it’s easy to avoid mistakes that others suffer from. While true, one should know where to look, and CreditCardProcessing.com is a great place to go, and here are three reasons why. Provide […]

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What is the Bankruptcy Notification Service?

Without a service, it’s hard for people to know when someone went bankrupt, and this is often a problem when dealing with merchant accounts or other financial services. For this reason, the two major worldwide credit card companies, Visa and MasterCard, have developed a service to help people track bankruptcies. With this, people can see […]

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Flagship Merchant Services has been helping merchants conduct transactions online for many years. As a leader in credit card processing and merchant accounts services, Flagship Merchant Services has remained focused on giving business owners of all size the solutions they need to effectively do business completely online.

How does credit card processing work?

There are four stages for the credit card processing cycle: authorizing, batching, clearing and funding. During the authorizing process, Flagship accepts the payment and forwards it directly to the merchant’s institution after payment is settled. The entire process can take anywhere from one to two business days. A reliable payment processing solutions provider has security parameters in place to safeguard clients against potential fraud.

Advantages of credit card processing services

• Customers tend to spend more on average when permitted to do card transactions
• It’s often more convenient for customers who don’t typically carry cash
• Businesses have more options for how they conduct business
• Companies can avoid accepting bad checks

What do merchant accounts have to offer?

A merchant account is furnished by a bank. In working with a traditional bank, one has to meet certain terms and requirements. The merchant is issued an account number that is used to identify the party collecting payment. Fees are assessed based on the type of agreement. Merchant account solutions providers offer reporting, customer support, next day funding, and free equipment as a part of the services offered.

Advantages of opening a merchant account

• Credit cards can be accepted online via a website
• Using this type of service is extremely cost-effective
• Merchant accounts are more secure
• There is less of a chance of funds being stolen when working through a merchant solution

Both services minimize risks of missing out on sales in offering online transaction support for businesses. Companies conducting business online have several options available to them with credit card processing. Flagship has been providing merchant solutions for traditional and e-commerce businesses that need the flexibility of doing business online for over a decade. With a proven track record for success, the company continues to deliver timely solutions for all types of businesses who want to conduct business quickly and securely online.